Samiksha Jaiswal (Editor)

Red Dot Payment

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Country of origin
  
Singapore

Founder
  
Randy Tan

Industry
  
Payment Gateway

Founded
  
2011

Red Dot Payment httpswwwaboutpaymentscomlogo300225468

Headquarters
  
38B North Canal Road, Singapore 059294

Area served
  
Singapore, Thailand, Indonesia

Website
  
http://www.reddotpayment.com/

Profiles

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Red Dot Payment (RDP) is an online payment service provider headquartered in Singapore. The company provides online payment gateway systems, payment consulting and merchant acquisition services for businesses that require the processing of online credit card transactions. It holds a Payment Card Industry Data Security Standard (PCI DSS) Level 1 Certification for its payment gateway. Red Dot Payment supports different modes of payment such as Visa, MasterCard, Nets, China UnionPay, TenPay, Alipay and 99bill.

Contents

History

Established in 2011, Red Dot Payment was founded by Randy Tan and is currently acting as its managing director. Initially starting out in Singapore, it has expanded to other regions of Southeast Asia such as Thailand and Indonesia.

In 2014, Red Dot Payment acquired funding from investors, GMO Global Payment Fund and Wavemaker Pacific. In the same year, Red Dot Payment started supporting MasterPass, enabling their merchants' payment page to be used with MasterPass.

In 2015, Red Dot Payment became partners with Sourceguru and provided digital payments service to them.

In 2016, Red Dot Payment secured a seven-figure funding by MDI Ventures, the venture arm of Indonesia's Telkom.

Products and services

  • RDP Connect is Red Dot Payment’s payment gateway. It is 3D secure and is PCI DSS Level 1 certified. It secures credit card payment transactions that are made online and serves as an alternative to the physical terminal mode of payment.
  • InstanCollect is an e-invoicing solution for businesses with no online presence. It involves e-billing and e-payment in a single e-mail invoice and allows brick and mortar businesses to provide electronic statements to their customers.
  • InstanPay allows businesses to have a simple e-commerce website for online credit card transactions between merchants and customers.
  • InstanPromo allows the customer to choose from a list of available promotions before they make payment. The payment amount will be automatically adjusted based on the promotion that is selected.
  • InstanToken is an add-on feature which securely stores cardholder credit card details, pre-loading them for faster payments during subsequent checkouts.

    • They also include Shopping Cart Plug-ins: Cubecart, Drupal, Jigoshop, Magento, Opencart, Oscommerce, Prestashop, Virtuemart, Woocommerce

    References

    Red Dot Payment Wikipedia
    (Text) CC BY-SA